3530 Mickle AvenueBronx, NY 10469

Description

Prime 28-Unit Investment Opportunity in Williamsbridge, Bronx Located in the sought-after Williamsbridge section of the Bronx, this exceptional 28-unit property offers strong cash flow, modern amenities, and long-term upside. Benefiting from a 421a Tax Abatement, this income-producing asset is ideal for savvy investors or a 1031 exchange. All units are fully electric—no gas—with tenants responsible for all utilities, minimizing operating costs. Each unit is equipped with individual hot water tanks (28 total), stainless steel appliances, and efficient Mitsubishi split-unit heating & cooling systems. A studio super’s unit is also included. Additional features include: Digital video intercoms in each unit Interior & exterior surveillance cameras 24 outdoor parking spaces Low operating expenses NOI: $705,068 | Net Cap Rate: 6.1% This is a turn-key asset in a thriving Bronx neighborhood—perfect for portfolio expansion with minimal management headaches.

Property Information

Property type

Commercial Sale

Sub-type

Retail

Year built

2018

Stories

4

Building area

17,000 Sq Ft

Lot size

17,000 Sq Ft

Parking spaces

24

Days on market

708

MLS^® Listing#

L3593290

Property Features

Interior

Smart Thermostat

Heating

Electric · ENERGY STAR Qualified Equipment

Windows

ENERGY STAR Qualified Windows · Insulated Windows

Financial Details

Annual taxes

$3,698

Parcel number

04727-0024

Directions

By appt 48hr notice